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CITIC Bank InternationalChina

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-08-08 14:13:33
Contact:

Yu Xiaogang, Founder of Green Watershed

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-08-08 14:13:33
Contact:

Yu Xiaogang, Founder of Green Watershed

About
Website http://www.cncbinternational.com/home/en/index.jsp
Headquarters
232 Des Voeux Road Central
Hong Kong
China
CEO/chair Dr. Chen Xiaoxian
Chairman
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Ownership

It is a wholly-owned subsidiary of CITIC International Financing Holdings Limited. BBVA is a strategic shareholder and has approximately 30% ownership of the bank.

CITIC Bank International Limited is a Hong Kong based commercial bank. It was formerly known as CITIC Ka Wah Bank but changed its name in May 2010 in order to mark the completion of its restructuring. 

The bank has a strong presence throughout China, with thirty branch offices in various cities, including: Hong Kong; Beijing; Shanghai; Shenzhen; and Macau.  The bank also has international branch offices in Singapore, Los Angeles, and New York. 

The bank serves both private and corporate clients and is engaged in a variety of activities.  In July 2010 it launched its Private Banking Services in order to provide financial products and services to high net worth individuals and corporations.  The bank also offers the following to corporations and small-medium enterprises: business account services; trade services; treasury services; business insurance; loans and mortgages; credit card services; foreign exchange and deposit services.

 

Sustainability
Policies
Voluntary standards

2008

CITIC is mindful of its responsibility as a corporate citizen to grow in harmony with the societies and environment wherever its footprint sets. Its green programmes are developed along the four key principles of its environmental pledge: Energy Efficiency, Resource Efficiency, Ethical Code of Conduct and Commitment to the Promotion of Green wareness, with the objective to raise staff and public awareness in environmental protection and nature preservation.

2009

Climate change is widely recognised as one of the greatest global
challenges. CBI is mindful of its far-reaching implications for the
environment, for people, and for the economy – of which the Bank is a part. Its green programmes are guided by the four key principles of its environmental pledge: Energy Efficiency, Resource Efficiency, Ethical Code of Conduct and Commitment to the Promotion of Green Awareness, with the objective to promote environmental protection awareness amongst its staff and the general public of Hong Kong.

2010

On recycled usage and waste reduction, the Bank organised an
internal staff campaign to collect used books and toys for
Christian Action to re-distribute to the needy or sell at its charity
flea market to raise funds for its charitable services and
programmes. Energy conservation is considered the most effective and quickest way to alleviate global climate change and improve air quality. The Bank launched PC Switch Off Campaign to encourage its staff to turn off their computers after work to save energy. In addition, the Bank joined Power Smart Campaign
2010 organised by Friends of the Earth (HK) (“FOE”) between 15
June and 12 September 2010. The three-month campaign aimed to encourage corporations and households to reduce electricity consumption.

2011

The Group continued to focus its CSR efforts on three
established themes..nurturing leadership in young people while
enhancing the quality of education for underprivileged children,
building harmonious relationship with the environment, and caring
for the socially deprived communities.

CITIC Bank International has committed itself to the following voluntary standards:
News
Resources
Documents
Links

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack

Letter from EPN to Banks investing in April on APRIL

Correspondence
2014-12-10 00:00:00 | EPN

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US

Annual Report 2013

Annual report
2014-01-01 00:00:00

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
NGO document
2013-11-25 00:00:00 | Green Watershed

Annual Report 2012

Annual report
2013-01-01 00:00:00

Environmental report on Chinese banks 2011

-English summary-
NGO document
2012-11-26 00:00:00 | Green Watershed

Letter from BankTrack et al. to various financial institutions on APP

Correspondence
2012-11-06 00:00:00 | BankTrack et al.

Annual Report 2011

Annual report
2012-06-28 00:00:00 | CITIC Bank International

Environmental Report on Chinese Banks (2011)

-Chinese version-
NGO document
2012-04-18 00:00:00 | Green Watershed

Gearing for growth- Inside the 2010 Annual Report

Annual report
2012-03-21 00:00:00 | CITIC Bank International

Notice of the CBRC on Issuing the Green Credit Guidelines

Bank document
2012-02-24 00:00:00 | China Banking Regulatory Commission
Accountability

This page evaluates CITIC Bank International's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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